The Latest Breaking News on Economy

Anyone following the economic news coming from the Biden administration lately probably feels like Dorothy meeting the Wizard of Oz. Whether it’s data being revised from good to bad, the manipulation of statistics or indefensible exaggerations, the White House’s economic record is less impressive than it first appears. Here are…

A time path for revenue deficit reduction with a credible fiscal adjustment plan would help restore fiscal balance and improve quality of expenditure

At roughly $3 trillion, the UK economy is large and contains multitudes. Not as massive as it might have been as a result of Brexit, Covid-19 and Russia’s invasion of Ukraine, but enough to rank sixth in the world.

A focus on wages rather than equality could see 1.8 million more people fall into relative poverty, the Resolution Foundation has warned.

So far the immaculate disinflation — what had seemed a remote scenario in which inflation comes down without a recession — has materialized.

The Labor government needs to produce more than one surplus, says the opposition leader, to prove it's serious about responsible budget management.

There was a widening bipartisan sense that fiscal deficits don't really matter. Now, they do again.

Halfway into 2023, and so little on Wall Street has gone according to plan

The warnings have been sounded for more than a year: A recession is going to hit the United States

While some unions have accepted government offers, ministers are still failing to address real-terms erosion in pay

European Central Bank President Christine Lagarde is warning that inflation is holding its grip on the economy